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File: 15415.2 Private placement.docx

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NEWS RELEASE Contact: Chuck Provini (585) 286-9180 Info@NatcoreSolar.com 
 Natcore Technology Closes First Tranche Of Private Placement
 Rochester, NY - (July 28, 2015) - Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it has co
--->mpleted the first tranche of its proposed non-brokered private placement, as announced on July 20, 2015.  Gross procee
--->ds of $540,000.00 were raised through the sale of 1,000,000 units at a price of $0.54 per unit. Each unit comprised on
--->e common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share 
--->at $0.74 for a period of three years.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on November 24, 2015. Pro
--->ceeds of the placement will be applied to further development of Natcore's technologies and general working capital.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.